Cryptocurrency Q&A
Does Ethiopia still allow bitcoin mining in 2022?
Does Ethiopia still allow bitcoin mining in 2022?
CryptoWizardry
Fri Jul 12 2024
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5 answers
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In recent years, the cryptocurrency landscape has undergone significant transformations, especially with regard to regulatory frameworks in various countries. Given this backdrop, I'm curious to inquire about the current status of bitcoin mining in Ethiopia. As we've seen in other jurisdictions, policies towards cryptocurrency mining can change rapidly, often in response to fluctuating market conditions or evolving technological advancements. So, my question is: Does Ethiopia still allow bitcoin mining in 2022? Are there any recent regulatory updates or changes in legislation that might impact the legality or viability of such activities within the country's borders? Any insights or clarifications on this matter would be greatly appreciated.
5 answers
Carolina
Sun Jul 14 2024
Over the past decade, Ethiopia has strengthened its ties with China, resulting in significant economic cooperation.
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HallyuHeroLegend
Sun Jul 14 2024
A prime example of this cooperation is the construction of a US$4.8 billion dam, funded and assisted by several Chinese companies.
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Rosalia
Sun Jul 14 2024
This dam serves as a crucial source of power for the Bitcoin miners operating in Ethiopia.
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benjamin_stokes_astronomer
Sun Jul 14 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services to its clients. These services include spot trading, futures trading, and digital wallet management.
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JejuJoyfulHeart
Sun Jul 14 2024
Ethiopia, despite banning cryptocurrency trading, has opened its doors to Bitcoin mining since 2022.
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